State the meaning of unemployment and discuss its type.
Answers
Explanation:
- Unemployment is a term referring to individuals who are employable and seeking a job but are unable to find a job.
- Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators.
▪︎Unemployment:- Unemployment is a situation wherein a person in the age group of 15 to 60 years is willing to work, who is in search for work but does not get work. Such a situation is a forced one and is against the wish of the unemployed person.
☆ Types of unemployment are as follows:
(1) Seasonal unemployment is found in agriculture due to the seasonal nature of activity. lack of irrigation, irregular rainfall and non availability of alternate employment. The farmers and the farm labour in most parts of India remains unemployed for 3 to 5 months.
(2) Frictional unemployment occurs due to the change over of production technology or machinery, rendering the workers jobless for some time.
(3) Structural unemployment takes place due to the orthodox nature of the Indian society. illiteracy, sway of age old customs and traditions.
(4) Disguised unemployment is found in agriculture; wherein more than the required number of persons are deemed to have employment. They do not contribute to the total production.
(5) Industrial unemployment is the result of conflicts between the employers and employees, leading to strikes, lockouts and closure of industry.
(6) Educated unemployment is a situation wherein an employment.
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